Forex

EURJPY presses on the initial support – Analysis – 15-2-2019

2019-02-15 08:33:20 GMT (Economies.com)

The EURJPY pair started forming new negative attack to notice providing negative pressure on 124.20 support, reminding you that the price consolidation within the bearish channel increases the chances of gathering the negative momentum, to expect breaking the current support to target new negative levels that might start at 123.50 and 122.90.

 

Also, we notice stochastic crawl below 50 level to support the negative overview and increase the chances of gathering the required negative momentum to achieve the mentioned targets.

 

The expected trading range for today is between 125.00 and 123.50

 

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.